Furthermore, the BNR Board also resolved to maintain the lending facility (Lombard) interest rate at 7.50% per annum and the deposit facility interest rate at 5.50% per annum.
Additionally, the current levels of minimum reserve requirements for both RON-denominated and foreign currency-denominated liabilities of credit institutions will be maintained.
”According to current assessments, the annual inflation rate is set to rise considerably in the coming months. This increase will be driven by the transitory impact of the cap on electricity prices expiring and the increase in VAT rates and excises from August 1st. Consequently, inflation will climb significantly above the values indicated by the May 2025 short-term forecast. Overall, the fiscal-budgetary measures package to be implemented from August is likely to intensify disinflationary pressures from fundamental factors in the longer term. This will primarily be achieved through its effects on aggregate demand and by supporting a relatively rapid and consistent correction of the current account deficit. These developments will have favourable implications for the economy's financing costs and the exchange rate behaviour of the Romanian Leu, including for future prospects,” said the central bank in a release.
Last year, the central bank reduced the key interest rate twice: in July, from 7% per annum to 6.75% per annum, and in August, to 6.5% per annum.